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Pink Sheets: Veltex Corp. (VLXC) news stock charts

Veltex Corp. (VLXC/VLXC.PK) Penny Investment Summary:

Veltex Corporation, together with its subsidiaries, engages in the design and manufacture of caps and apparel for the promotional products industry primarily in the United States, Canada, and Bangladesh. It also manufactures specialized textiles, primarily for use by manufacturers of automobile interiors, upholstery for furniture manufacturers, and ready to wear garments. The company specializes in denim, microfilament, velvet, twill, canvas, duck, and pinpoints oxford fabrics. In addition, Veltex distributes various merchandise and apparel worldwide. Veltex was formerly known as Benchmark Enterprises, Inc. and changed its name to Coconino SMA, Inc in 1995. Further, it changed its name to Ve...
www.veltexcorporation.com
Founded in 1982

VELTEX CORP (VLXC:OTC)

LAST $0.12 USD
CHANGE TODAY +0.005 4.35%
VOLUME 10.1K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of VELTEX CORP (VLXC)

OPEN
$0.12
PREVIOUS CLOSE
$0.12
DAY HIGH
$0.12
DAY LOW
$0.12
52 WEEK HIGH
01/15/10 - $0.23
52 WEEK LOW
03/24/09 - $0.0090
MARKET CAP
1.3M
AVERAGE VOLUME 10 D
37.4K
EPS TTM
--
SHARES OUTSTANDING
10.7M
VLXC Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

Key developments for VELTEX CORP (VLXC)

Veltex Corp. Announces Executive Appointments

Veltex Corp. at the 2009 Annual Meeting of Stockholders held in Chicago on March 10, 2009, its shareholders elected a complete slate of five new directors to the board. Those elected were R. Preston Roberts, Wayne H. Hanson, James Jacob, Robert Fletcher and Stephen G. Macklem which now comprise the entire Board of Directors of the company. Additionally, at the regularly scheduled meeting of the Board of Directors held in conjunction with the Annual Meeting, the Board elected R. Preston Roberts, Chairman of the Board. Wayne H. Hanson was named as President.

Veltex Corp. financial resources

otc, otcbb, pinksheet, VLXC, ob Veltex Corp.

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Industry Analysis

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Price/Cash Flow 0.2x
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VLXC

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VLXC transactions

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Date
Target
No transactions in the last 6 months.

Pink Sheets: More Recent Financial News About Veltex Corp.

Veltex Commences Federal Litigation

Quote: VLXCNews) ("Veltex"), announced that the corporation filed federal suit yesterday against numerous individual and corporate defendants previously associated with Veltex.A multi-count complaint was entered in the United States District Court for the Central District of California, entitled "Veltex Corporation vs Javeed Azziz Matin, et al.," Civil Action No. 210-cv-01746-MRP-PJW.The prestigious Los Angeles law firm of Blecher & Collins, P.C. is counsel of record representing Veltex in this matter....
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Veltex Signs Standstill Agreement With Acquisition Candidate

Quote: VLXCNews) ("Veltex") announced today that the company has entered into talks to acquire a major wholesale liquidation firm based in the Los Angeles, California area.Veltex's Board of Directors has signed a Standstill and Confidentially Agreement with a major privately held wholesale and resale corporation. Due to that agreement, the identity of the counterparty could not be released at this time.R. Preston Roberts, Chairmen of Veltex, stated, "This is a perfect fit for both firms. The discussion...
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Ill. employee used state computer in stock attacks

Quote: It's stock manipulation," said Stephen Macklem, chief financial officer of Chicago-based Veltex Corp. "I'm shocked the comptroller's office has done nothing else."Pippy declined to answer questions Tuesday, but issued a statement flatly denying he was trying to profit by driving down stock prices.In posts on financial message boards, Pippy pointed out executives' past legal problems, questioned their sales claims and argued they were cheating investors.Pippy posted often -- approximately 135 tim...
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Veltex Corporation Commences Key Asset Recovery Plan Engages Major Los Angeles Litigation Firm

Quote: Blecher & Collins has been retained to commence the prosecution of claims against former officers and directors, law firms, accounting and bookkeeping firms, transfer agents and banks, and to investigate and pursue potential claims against Wells Fargo and the Habib Bank.The damages alleged to Veltex Corporation are estimated to exceed thirty-three million dollars ($33,000,000 US).www.BlecherCollins.com.Maxwell M. Blecher and Maryann R. Marzano will lead the litigation team.Veltex will update sha...
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Veltex Corporation Commences Key Asset Recovery Plan Engages Major Los Angeles Litigation Firm

Quote: Blecher & Collins has been retained to commence the prosecution of claims against former officers and directors, law firms, accounting and bookkeeping firms, transfer agents and banks, and to investigate and pursue potential claims against Wells Fargo and the Habib Bank.The damages alleged to Veltex Corporation are estimated to exceed thirty-three million dollars ($33,000,000 US).www.BlecherCollins.com.Maxwell M. Blecher and Maryann R. Marzano will lead the litigation team.Veltex will update sha...
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Ill. employee used state computer in stock attacks

Quote: It's stock manipulation," said Stephen Macklem, chief financial officer of Chicago-based Veltex Corp. "I'm shocked the comptroller's office has done nothing else."Pippy declined to answer questions Tuesday, but issued a statement flatly denying he was trying to profit by driving down stock prices.In posts on financial message boards, Pippy pointed out executives' past legal problems, questioned their sales claims and argued they were cheating investors.Pippy posted often -- approximately 135 tim...
Read article

Ill. employee used state computer in stock attacks

Quote: It's stock manipulation," said Stephen Macklem, chief financial officer of Chicago-based Veltex Corp. "I'm shocked the comptroller's office has done nothing else."Pippy declined to answer questions Tuesday, but issued a statement flatly denying he was trying to profit by driving down stock prices.In posts on financial message boards, Pippy pointed out executives' past legal problems, questioned their sales claims and argued they were cheating investors.Pippy posted often -- approximately 135 tim...
Read article

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